Futures Contract Specifications
The soybeans contract specifications tell you how the soybeans futures trade, not how to trade to soybeans futures. Before you consider opening a commodity futures account you should consult with a licensed commodities broker.
Soybeans Futures
Contract Size
5,000 bushels
Deliverable Grades
No. 2 Yellow at par, No. 1 yellow at 6 cents per bushel over contract price and No. 3 yellow at 6 cents per bushel under contract price*
*No. 3 Yellow Soybeans are only deliverable when all factors equal U.S. No. 2 or better except foreign material. See Chapter 10s - Soybean Futures in the Rules & Regulations section.
Tick Size
1/4 cent/bu ($12.50/contract)
Price Quote
Cents bushel
Contract Months
Sep, Nov, Jan, Mar, May, Jul, Aug
Last Trading Day
The business day prior to the 15th calendar day of the contract month.
Last Delivery Day
Second business day following the last trading day of the delivery month.
Trading Hours
Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols
Open Auction: S
Electronic: ZS
Daily Price Limit
70 cents/bu ($2,500/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Margin Information
Find information on margins requirements for the Soybeans Futures.
An Introduction to Trading CBOT Agricultural Futures and Options
Click on the link above to download a printable .pdf booklet entitled “An Introduction to Trading CBOT Agricultural Futures and Options”. It is published by the Chicago Board of Trade. It is a must read guide for any novice or advanced trader considering an investment in the soybeans futures.
Click here to contact a licensed commodities broker with experience in the soybeans market.
